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  • MIL-OSI Economics: Christine Lagarde: Interview with Xinhua News Agency

    Source: European Central Bank

    Interview with Christine Lagarde, President of the ECB, conducted by Su Liang on 12 June 2025

    14 June 2025

    I was in the audience in 2018 at the opening ceremony of the first China International Import Expo in Shanghai. You said in a speech there that China built a bridge to the world, built a bridge to prosperity and is building a bridge to the future – the three bridges, which is famous in China. Has anything changed in your mind – is China building new bridges?

    I haven’t been back to China for six years – that was my last visit, six years ago. From what I have seen so far, I can tell you that this bridge to the future is clearly an enterprise that China is working hard on. The combination of robotic artificial intelligence, hard work by the Chinese people and the strategic approach to it are contributing a lot to that bridge to the future. Development will occur fast on a threefold basis: robotic artificial intelligence, hard work and all of that focused on the industries of the future, which are going to change the Chinese economy even faster and better.

    How does the ECB see China’s role in the global economic recovery, especially amid this increasing fragmentation in global supply chains? What kind of dialogue or cooperation would you like to see between the ECB and Chinese financial institutions?

    The main cooperation and dialogue that we have at the ECB with China is with the People’s Bank of China (PBOC), because we are both central banks for a large region. We share some of the same concerns, some of the same challenges and we have a strong and deep dialogue on those issues. We are both very attached to the regulatory framework and supervision that will sustain financial stability. Our primary responsibility at the ECB is price stability, and this is clearly defined in our strategy. We are within reach of the 2% medium-term inflation target that we have defined as price stability. But we cannot have price stability if we do not have financial stability. And that’s the reason why we – and I think the PBOC is on the same page – are very attached to a solid regulatory environment and strong supervision so that our financial sector is stable and solid, because it is in the interest of the people that we serve.

    This year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union, the then European Economic Community. As President of the ECB and previously a politician in Europe, how do you see the cooperation between China and the EU over the past 50 years?

    The cooperation between the European Union and China has been beneficial to both sides. We have increased the level of trade between our two regions, and we have seen increased direct investment over the course of the last few decades.

    And what will that cooperation look like in the future?

    I very much hope, in the interest of financial stability and price stability, that China and the European Union will continue to cooperate, will continue their dialogue, will be candid with each other and will play by the rules that they both agree to. I’m thinking of the WTO rules, for instance, as rules that both regions have agreed to support and have signed up to. I think that determination for dialogue, cooperation and working on win-win solutions is something that will continue to be shared.

    You talked about stability and about the rules. Do you think what the United States government is doing now is kind of a risk to stability and the rules? They are raising tariffs and creating uncertainty in the world economy.

    I would focus on your last point. The level of uncertainty caused by the announcements or the threats of decisions is dampening investment. It is leading all institutions to reduce their growth projections for the global economy, for the United States, for China and for Europe. It’s really a lose-lose situation that we have at the moment. The sooner the uncertainty can be removed and agreements can be found between the parties – on tariffs in particular, but on other issues as well, such as non-tariff barriers – the better off we will all be. Economic players, investors and employers have great difficulty dealing with uncertainty. The same applies to us as central banks because when we need to forecast, anticipate the evolution of the economy and project the level of prices, if we have this great uncertainty, it makes our lives really difficult.

    So when the delegations of China and the United States in London said they had made progress, that’s good news.

    I hope progress goes in the direction of removing as much uncertainty as possible. If it reaches a new equilibrium, which is beneficial for all countries, then it’s a positive.

    It is impossible to talk about China-EU relations without talking about China-US relations. You worked both in Washington and Europe. How do you see current China-US relations and how do you think China-US relations will impact China-EU relations?

    I don’t want to make any projections or anticipate what the outcome of the discussions will be between the Chinese authorities and the US authorities. This is for political leaders, for trade and commerce secretaries to discuss and to take forward. But what I observe is that all our countries – European Union Member States, China, the United States and many other countries – are intrinsically bound by supply chains. When you start dissecting a product and you realise what the origin of the product is, where the spare parts are coming from, what journey it takes to travel from one place to the other, it is amazing how countries are linked to each other. What will impact one will impact others, and if the situation is not resolved satisfactorily and the uncertainty is not removed, the corporate world will rethink their supply chains. They will rethink their supply and their sourcing, and that will cause more fragility and a period of uncertainty, during which growth will probably be impaired, during which we could have inflationary pressure as a result. And I think this is not in the interest of any country. As I said, it’s not just the United States, China and Europe, it’s many other countries as well.

    I remember you once said you stand by Adam Smith, you stand by liberalism. Do you think what we are witnessing in the world is a kind of failure of liberalism, the rules of free trade?

    We have to acknowledge what the benefits have been and where there have been downsides. The benefits have been incredible when you look at how much additional activity has prospered, how much growth has increased, how many people have been taken out of poverty, particularly in this country, in China, how the well-being of people has improved. There have been many benefits as a result of international open trade and free markets, but there have also been some negative consequences. There are areas in the world where industrial activity has died, where people have lost jobs and where measures have not been taken to deal with that. So we have to be mindful of that. We have to look at that very honestly and decide how we want to remedy those situations. It has a lot to do with reducing the disequilibrium, reducing the imbalances that we see both on an international but also on a domestic basis.

    Like you said, China has had a lot of benefits from globalisation, and China is now the second-largest economy in the world, and we have heard some concepts like de-risking from China in Europe. What is your opinion on this concept?

    The principle of de-risking is not surprising, and I think it has been accentuated by the COVID-19 period. You know, during the pandemic, countries and regions suddenly realised that they no longer had manufacturing facilities to produce some pharmaceutical goods (e.g. masks) that were needed, and they were dependent and vulnerable as a result. This desire not to be vulnerable, not to be exclusively dependent on one single source of supply, is completely legitimate to the extent that those products – not necessarily masks – are considered strategic. It’s completely normal that countries think they need to have alternative sources of supply. We need to have a degree of security of supply so that we are not at the mercy of a failure, or a unilateral decision that would expose the security of our people. So I don’t find anything surprising about it. It is legitimate, but it does not stop cooperation. It does not stop international trade.

    When it comes to financial innovation, people always focus on digital financing and green financing. The ECB is actively exploring a digital euro. How will this influence the future of finance from the perspective of European bankers? And on green innovation in financing, how can the ECB and the PBOC cooperate in the future?

    Firstly, both the PBOC and the ECB are working on a digital currency. China was ahead, it started earlier. We started six years ago, and we are getting to the point where, if the legislature supports the proposal, we should be ready to launch. Why are we doing that? Simply because of client demand, to put it very simply. Because many Europeans – not all, but many – like to pay electronically, digitally, without cash. Many Europeans still like cash. I like cash. So we will continue to have cash, and we will be issuing new banknotes in a few years’ time. But we need, as a sovereign expression on the financial stage, to be able to respond to the demand of our customers, Europeans. If they want cash, we should be able to print secure banknotes. If they want digital cash, we should be able to offer a digital euro. We want to make sure that we have a European offer that is available, so that within the entire euro area there is a means of payment and a solid currency that can help you transact both online, peer-to-peer, business-to-business, and that’s the purpose of the digital euro.

    And what about green financing?

    Green financing is an activity that is conducted by commercial banks or international institutions. The European Investment Bank, which is a public institution, also has a role. And as you know, Europe has approved a green bond framework that is available, which I think China has observed very carefully in order to issue its own framework. But it’s a matter for commercial banks.

    My final question is the following: you were the second most powerful woman in the world according to Forbes in 2019, 2020, 2022, 2023 and 2024. You have a life experience envied by women around the world. Do you have any advice for them on how to be successful?

    Women have inside them the potential to thrive in whichever domain they choose. And I think that they should always draw on that confidence and energy without which things do not happen, and they should cultivate that and never be intimidated or refrain from achieving what they can. They have to believe in themselves. I hope they get the support that I was lucky to receive from family members and friends, as that is extremely helpful to continue doing what you want to do.

    MIL OSI Economics –

  • MIL-OSI Economics: Privacy blind spot could stall AI’s future in UK homes, says new study

    Source: Samsung

     
    As smart technology and AI become increasingly integrated into our daily lives, new research finds that nearly 9 out of 10 Brits (89%) express concerns about their privacy.
     
    But, for the majority of consumers, these concerns stop at their phones – despite other smart devices in the home also collecting personal data and being just as vulnerable to threats.
     
    This new research from Samsung Electronics, which surveyed over 8,000 Millennial and Gen Z respondents across Europe, including the UK, reveals that over a quarter (28%) of young Brits never think about the security of their smart appliances. In contrast, 1 in 2 (53%) think about the privacy of their mobile phones every day – a worrying blind spot given how connected our smart devices have become, and with the number of smart homes in Europe expected to surpass 100 million by 2028.[1]
     
    The research highlights how managing privacy can feel overwhelming for many – with over 1 in 10 (14%) of those surveyed saying it’s too complex, and 7 in 10 (70%) finding it stressful. Within Europe, Spain tops the list of countries where people find managing their privacy the most stressful (88%), followed by Greece (87%) and France (75%) and Italy (75%).
     
    Privacy concerns among Brits are wide-ranging – from fears of financial theft (73%) to unease about metadata being used to identify them (61%).
     
    The findings point to a deep education gap when it comes to privacy. Many want to take control of their data when it comes to their technology. In fact, almost 8 in 10 (78%) put such considerations front and centre at point of purchase, alongside their familiarity with the brand. Yet despite rising awareness, many still feel unequipped to take meaningful action:
     

    Only 22% say they feel ‘very’ knowledgeable about privacy
    Just over half (54%) are aware of the data their apps and devices collect about them
    3 in 10 (28%) accept default settings on apps without fully understanding them
    Almost 6 in 10 (57%) feel they can never be fully in control of their privacy across their devices
    7 in 10 (70%) are calling for better education on data and privacy
    Over 1 in 10 (14%) consumers say they trust brands to take the protection of their data seriously

     
    These fears are holding UK consumers back from harnessing the full potential of the latest technology. 1 in 5 (18%) haven’t shared data between smart devices in the past year due to security fears—showing that Brits aren’t taking full advantage of connected living, and the enhanced lifestyle benefits it can bring.
     
    Yet two thirds say they would be more open to fully embracing AI and smart-home technology if they better understood the benefits to their lifestyle (67%) and felt confident their data was secure (67%). From real-time smart home updates (15%) to personalised shopping discounts (15%), job opportunities (14%) and tailored fitness and health suggestions (14%), many recognise that they are missing out on everyday enhancements due to concerns around how their data is handled.
     
    In light of these findings, Samsung is reinforcing its commitment to empowering users with strong safeguards and transparent privacy controls in an increasingly AI-driven world.
     
    Dr. Seungwon Shin, Corporate EVP & Head of Security Team, Device eXperience Business at Samsung Electronics said: “At Samsung, we believe true innovation starts with people – which is why we put privacy at the core of everything we do. This research highlights a growing trend: while consumers are proactive about managing privacy on their smartphones, they’re often overlooking the broader ecosystem of connected devices. It also reflects a hesitation to fully embrace AI-powered experiences, largely driven by uncertainty around data use.
     
    As advocates for privacy-first design, we’re committed to earning trust through transparency, choice, and built-in protections. Everyone should be able to explore new AI capabilities with confidence, knowing their data is protected and they remain in control. That’s why we’re focused on putting privacy in the hands of users – where it belongs.”
     
    At the heart of this mission is Samsung Knox, the company’s government-grade security platform that safeguards its smart home appliances[2] and Galaxy devices. With the rise of connected living, Samsung is expanding Knox security across its ecosystem so users can enjoy smart appliances and AI-powered features with peace of mind[3]

    Knox Matrix is Samsung’s long-term vision for connected security—where devices in the same ecosystem work together to safeguard one another. Built on private blockchain technology and backed by future-ready protections like post-quantum cryptography[4], Knox Matrix enables real-time, multi-device protection across smartphones, tablets, TVs, and more.
     
    Complementing this is Knox Vault, which stores sensitive information like PINs, passwords and biometric data in a separate, hardware-based environment. This ensures that even if the main operating system is compromised, private information always stays protected.
     
    With this layered security in place, users are empowered to manage their privacy across all their connected devices, making choices entirely on their own terms.
     
    The research also shows that UK consumers want more than just promises—they’re seeking practical tools. 28% support clearer data usage policies, and almost the same amount value privacy information that’s simple and easy to understand (29%).
     
    Recognising this need, Samsung is expanding its efforts to educate users and equip them with tools that put privacy into their hands across all Samsung devices. For more information on privacy, see here. For more information on the Samsung Knox security principles, see here.
     
    [1]Research and Markets. (2024). Smart Homes and Home Automation Report 2024. Business Wire.
    [2]Samsung Knox is applied to select appliances launched in 2018 and later.
    [3]Samsung Knox Matrix cannot guarantee complete protection against all vulnerabilities within a user’s connected device ecosystem.
    [4]Post-quantum cryptography is available on Galaxy S25 series.

    MIL OSI Economics –

  • ‘Cyber Suraksha’ exercise launched to boost national cyber security preparedness

    Source: Government of India

    Source: Government of India (4)

    The Defence Cyber Agency, operating under the aegis of the Headquarters Integrated Defence Staff, has launched a cyber security exercise titled ‘Cyber Suraksha’. The exercise began on June 16 and will continue until June 27.

    ‘Cyber Suraksha’ is a multi-phased initiative aimed at enhancing cyber resilience at the national level. It brings together more than 100 participants from various national-level agencies and defence stakeholders. The exercise is designed to simulate real-world cyber threats and test the participants’ ability to respond to them in a dynamic, gamified environment. By combining structured training with hands-on challenges, it seeks to reinforce secure practices and sharpen the analytical and defensive skills of the participants.

    A key feature of the exercise is the inclusion of a Chief Information Security Officers (CISOs) conclave, which has been integrated to bridge the gap between technical execution and leadership roles. The conclave features discussions led by eminent speakers in the cyber security domain and will conclude with an immersive Table-Top Exercise, aimed at enhancing the strategic readiness of senior leadership.

    ‘Cyber Suraksha’ reflects a proactive approach by the Defence Cyber Agency to ensure continued cyber vigilance and foster a security-first culture across all levels of the national defence infrastructure. The agency also plans to make such exercises a regular feature to sustain a high level of preparedness and promote collaborative defence in the evolving cyber landscape.

  • Southwest Monsoon advances further; heavy rainfall expected in several regions: IMD

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) has reported significant progress in the advancement of the Southwest Monsoon, with favourable conditions likely to push it further into more parts of Gujarat and Madhya Pradesh, the remaining areas of Vidarbha, and additional parts of Chhattisgarh, Odisha, Sub-Himalayan West Bengal, and Sikkim within the next 24 hours.

    Over the following two days, the monsoon is expected to spread into parts of West Bengal, Jharkhand, Bihar, and east Uttar Pradesh.

    The monsoon is currently active over the entire Konkan region, Central Maharashtra, parts of Gujarat, southwest Madhya Pradesh, and extended areas of Vidarbha, Chhattisgarh, Odisha, and sub-Himalayan West Bengal & Sikkim. The Northern Limit of Monsoon now stretches through key locations including Veraval, Bhavnagar, Vadodara, Khargone, Amravati, Durg, Chandbali, and Balurghat.

    The IMD forecasts an active monsoon phase with heavy to very heavy rainfall likely in south peninsular India and Konkan & Goa till June 16. Isolated areas may experience extremely heavy rainfall exceeding 20 cm.

    In terms of temperatures, a 2–4°C drop in maximum temperatures is expected across Central India over the next 4–5 days, while no significant change is predicted for the rest of the country.

    Weather forecast over Delhi-NCR during June 16-19

    The weather forecast for Delhi-NCR from June 16 to 19 indicates generally to partly cloudy skies with light to moderate rain and thunderstorms expected each day. These weather events are likely to be accompanied by gusty winds, temporarily reaching speeds of up to 60 kmph, particularly during the evening and night hours.

    Overall, the period will be marked by slightly cooler than usual temperatures and intermittent rainfall, bringing some relief from the summer heat.

    The IMD continues to monitor the monsoon’s progression and advises local authorities and residents to stay updated with regional weather alerts.

  • MIL-OSI Banking: Result: Conversion/Switch Auction of Government of India Securities

    Source: Reserve Bank of India

    A. Source Security 8.15% GS 2026 8.24% GS 2027 8.26% GS 2027 8.26% GS 2027 7.06% GS 2028
    B. Notified Amount (in ₹ crore) 3,000 3,000 2,000 2,000 3,000
    Destination Security 6.19% GS 2034 6.64% GS 2035 8.33% GS 2036 7.40% GS 2062 8.24% GS 2033
    C. i. No. of offers received 3 3 6 1 6
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,800.000 887.559 945.000 1,000.000 3,247.000
    iii. No of offers accepted 2 0 0 1 3
    iv. Total amount of source security accepted (Face value, in ₹ crore) 3,000.000 0 0 1,000.000 217.000
    v. Total amount of destination security issued (Face value, in ₹ crore) 3,136.604 0 0 1,001.241 199.334
    vi. Cut-off price (₹) / yield (%) for destination security 98.90/6.3473 NA NA 104.71/7.0399 112.15/6.3493
    A. Source Security 7.06% GS 2028 8.60% GS 2028 7.59% GS 2029 7.59% GS 2029
    B. Notified Amount (in ₹ crore) 2,000 3,000 3,000 4,000
    Destination Security 7.06% GS 2046 8.33% GS 2036 7.57% GS 2033 8.32% GS 2032
    C. i. No. of offers received 0 10 10 13
    ii. Total amount of Source Security offered (Face value, in ₹ crore) 0.000 5,445.000 4,667.356 4,154.200
    iii. No of offers accepted 0 2 0 5
    iv. Total amount of source security accepted (Face value, in ₹ crore) 0 3,000.000 0 2,079.200
    v. Total amount of destination security issued (Face value, in ₹ crore) 0 2,820.191 0 1,971.281
    vi. Cut-off price (₹) / yield (%) for destination security NA 114.16/6.5042 NA 111.11/6.3548

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/549

    MIL OSI Global Banks –

  • MIL-OSI Europe: Answer to a written question – Need to support the Cyclades affected by the devastating floods and the island regions more broadly – E-001363/2025(ASW)

    Source: European Parliament

    The mid-term review of the 2021-2027 Multiannual Financial Framework (MFF) was concluded in 2024, reinforcing the EU budget in key priority areas. The Solidarity and Emergency Aid Reserve was increased by EUR 1.5 billion.

    The Regional Emergency Support to Reconstruction — RESTORE Regulation[1] allows for flexibility by Member States impacted by natural disasters to use cohesion policy funding for reconstruction and repair.

    The Rural Development Regulation[2] was amended to introduce a new measure, providing support to affected farmers, foresters, and Small and Medium-sized Enterprises.

    Member States could adjust their 2021-2027 cohesion policy programmes during their mid-term review[3], adding new priorities like enhancing water resilience.

    Greece could benefit from these flexibilities once the regulation enters into force, including the financial incentives to implement these priorities rapidly and effectively.

    The 2021-2027 cohesion policy programmes contribute EUR 1 billion to a national disaster risk management programme in Greece and EUR 10.5 million to a regional programme on climate-related risk management in Notio Aigaio[4].

    The EU Mission on Adaptation to Climate Change can help the Cyclades and other islands test and deploy innovative solutions to build resilience to floods and other climate risks, as with Climate adaptation and resilience demonstrated in the Mediterranean region (CARDIMED) project[5].

    Island regions face specific challenges, including suffering from extreme natural disasters that call for significant investments not only in post-disaster recovery but also in climate adaptation and resilience.

    As announced in the communication ‘A modernised cohesion policy: the mid-term review’, the Commission will launch a consultation on the development of a Strategy for Islands to support them address their multi-faceted problems.

    • [1] Regulation (EU) 2024/3236 of the European Parliament and of the Council of 19 December 2024 amending Regulations (EU) 2021/1057 and (EU) 2021/1058 as regards Regional Emergency Support to Reconstruction (RESTORE), entered into force on 24 December 2024, available at the following link https://eur-lex.europa.eu/eli/reg/2024/3236/oj/eng.
    • [2] Regulation (EU) 2024/3242 of the European Parliament and of the Council of 19 December 2024 amending Regulation (EU) 2020/2220 as regards specific measures under the European Agricultural Fund for Rural Development to provide additional assistance to Member States affected by natural disasters, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R3242&qid=1746172978914.
    • [3] On 1 April 2025 the Commission tabled a legislative proposal and accompanying Communication. Regulation of the European Parliament and of the Council amending Regulations (EU) 2021/1058 and (EU) 2021/1056 as regards specific measures to address strategic challenges in the context of the mid-term review, available at: regulation-proposal-mid-term-review-2025_en.pdf: https://ec.europa.eu/regional_policy/sources/communication/mid-term-review-2025/regulation-proposal-mid-term-review-2025_en.pdf; Communication from the Commission to the European Parliament and the Council A modernised Cohesion policy: The mid-term review, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:52025DC0163.
    • [4] Technical assistance, including under the ‘Cohesion for Transitions Community of Practice’ initiative, could support the implementation of the programmes facilitating the green transition and for studies.
    • [5] Climate Resilience & NBS | Cardimed: https://www.cardimed-project.eu/.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Menstrual products: transparency and health risks – E-001083/2025(ASW)

    Source: European Parliament

    The new General Product Safety Regulation[1] strengthens the safety framework for consumer products, including menstrual products.

    It requires manufacturers to perform an internal risk analysis for every product- taking into account consumer categories, including gender differences- and eliminate or mitigate all identified risks, including by adding warnings and instructions for safe use.

    Also, the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation[2] regulates chemical substances in consumer products and bans the use of certain hazardous substances (e.g. the dioctyltin (DOT) compounds) in menstrual products. Another restriction on skin sensitisers is in preparation too.

    In the future, the Commission, in cooperation with the Consumer Safety Network and taking into account the number of accidents reported, could explore the development of future standardisation work[3].

    In the Coordinated Activities on the Safety of Products 2022, menstrual products were tested against European and international standards, indicating overall compliance. Also, the Product Safety Award 2023 recognised companies innovating in menstrual product safety.

    Finally, the Commission recognises the importance of research into menstrual product safety. While there are no initiatives under Horizon Europe, or the Citizens, Equality, Rights and Values programme (CERV) programme at this stage, the Commission is open to exploring funding opportunities supporting scientific advancements and consumer safety in this area.

    • [1] Regulation (EU) 2023/988 of the European Parliament and of the Council of 10 May 2023 on general product safety, amending Regulation (EU) No 1025/2012 of the European Parliament and of the Council and Directive (EU) 2020/1828 of the European Parliament and the Council, and repealing Directive 2001/95/EC of the European Parliament and of the Council and Council Directive 87/357/EEC. OJ L 135, 23.5.2023, p. 1-51, applicable since 13th December 2024.
    • [2] Regulation (EC) No 1907/2006 of the European Parliament and of the Council of 18 December 2006 concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), establishing a European Chemicals Agency, amending Directive 1999/45/EC and repealing Council Regulation (EEC) No 793/93 and Commission Regulation (EC) No 1488/94 as well as Council Directive 76/769/EEC and Commission Directives 91/155/EEC, 93/67/EEC, 93/105/EC and 2000/21/EC. OJ L 396, 30.12.2006, p. 1-850.
    • [3] Official European standard setting organisations have started to develop certain deliverables on the topic notably with the CEN workshop agreement on absorbent hygiene products. While this standardisation deliverable will not per se deal with the toxic shock syndrome and warnings regarding the duration of use of products, it will provide for test method to assess the potential presence of trace chemicals in absorbent hygiene products useful for manufacturers as well as Market Surveillance authorities to test their safety. More info can be found here: https://www.cencenelec.eu/news-and-events/news/2023/workshop/2023-02-02-ahps/.

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB supports with €1.6 bn the strategic Bay of Biscay electricity interconnection between Spain and France

    Source: European Investment Bank

    EIB

    • Bay of Biscay is a landmark project for the European power system that will boost the interconnection capacity between the Iberian Peninsula and rest of continental Europe.
    • Initiative to increase the exchange capacity from 2,800 to 5,000 megawatts (MW), improving reliability of power supply among France, Spain and Portugal and with the rest of Europe.
    • Once operational the interconnection will contribute to ensure cleaner, more secure, and more affordable power for millions of citizens.
    • With a total route length of 400 km, 300 km of which underwater, it will become the first submarine electricity interconnection between Spain and Fance.
    • This is a Project of Common Interest for the EU being implemented through a joint venture between the transmission system operators of Spain, Red Eléctrica, and France, RTE, Réseau de transport d’électricité.

    The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.

    The parties signed first loan tranches totalling €1.2 billion today at the EIB headquarters in Luxembourg. The event was attended by Nadia Calviño, president of the EIB Group, Dan Jørgensen, European Commissioner for Energy and Housing, Marc Ferracci, French minister of Industry and Energy, Miguel González Suela, Spanish deputy secretary of State – for Ecological Transition and the Demographic Challenge, Beatriz Corredor, chairwoman of Redeia, parent company of Red Eléctrica and Thomas Veyrenc Member of the Executive Board, director general for Finance, Strategy and Economics of RTE. This financial support adds up to the €578 million EU grant allocated to this project under the Connecting Europe Facility.

    This is a landmark Project of Common Interest in which the EIB, the European Commission, Red Eléctrica and RTE are joining forces to strengthen cross-border electricity interconnections and hereby the overall European energy system.

    “EIB support for the France-Spain electricity interconnection will be key to ensuring that the Iberian Peninsula is no longer an energy island. This agreement will lead to a major shift in energy integration, an important area for EU competitiveness and strategic autonomy.”  said Nadia Calviño, president of the EIB Group”.

    “Europe needs more integrated and more interconnected energy systems and markets. This is crucial to ensure our citizens have access to clean and stable supplies, wherever they are. This is what a genuine Energy Union is about, “said Dan Jørgensen, European Commissioner for Energy and Housing. “I very much welcome the additional financial support offered by the EIB for a key project that will ultimately improve the lives of many across the Pyrenees and beyond.”

    Construction of the Bay of Biscay link is already under way by Inelfe – joint venture by RTE and Red Eléctrica, and it is due to become operational in 2028. Once operational, the project will almost double the electricity exchange capacity between France and Spain to 5,000 MW. That means cleaner, more secure, and more affordable power for millions of citizens, while avoiding 600,000 tonnes of CO₂ each year.

    The project will strengthen the interconnection capacity between France and Spain, helping the Iberian peninsula’s progress towards the EU interconnection target for Member States of at least 15% of installed production capacity by 2030. The Bay of Biscay project, together with the underground project between Baixas-Santa Llogaia and the improvement of the existing Argia-Hernani infrastructure will contribute to enhance the interconnection capacity between the Iberian Peninsula and the rest of Europe, while better integrating it within the EU energy market.

    ‘Today, with the support of the EIB, we take another step forward in this project, a bridge between nations and key for European cohesion that will enable us to tackle the greatest challenge of our time: the energy transition. That is why both countries must continue to work together to strengthen our connections, also through the two new projects planned to cross the Pyrenees’, said Beatriz Corredor, chairwoman of Redeia

    “Today is a major milestone for the Bay of Biscay project, which will increase the solidarity between France and Spain but will also contribute to the development of exchanges of low-carbon, competitive electricity throughout Europe. Along with EU institutions – such as EIB – and other European TSOs, RTE is committed to ensure that the French power grid is fit to play its role of a European electricity crossroads, including through major reinforcement projects to avoid internal constraints, as laid out in our recent grid development strategy’, said Thomas Veyrenc, Member of the Executive Board, Director general for finance, strategy and economics of RTE.

    The project reinforces the EIB´s role as the climate bank one of the EIB Group’s eight strategic priorities set out in its Strategic Roadmap for the years 2024-2027. The operation is also part of the EIB’s action plan supporting REPowerEU, the program to increase energy security and accelerate the energy transition by reducing the European Union’s dependence on fossil fuel imports.

    Marc Ferracci, French minister for industry and energy: “We’re very happy today to have signed the first part of the investment in this interconnection project between France and Spain which will go through the Bay of Biscay. This will allow us to double the capacity of electricity transported between the two countries with 400 km of connection. It’s very important because it illustrates the will of Spain and France to go further in the decarbonisation of our economies. And it shows the solidarity that exists to meet Europe’s energy security challenge.”

    “The signing of this agreement marks a major step towards building the Energy Union and strengthening the resilience of the European electricity system as a whole. I am confident that it will not be the last”, said Miguel González Suela, Spanish deputy secretary of State for Ecological Transition and the Demographic Challenge.

    Flagship project

    The Bay of Biscay interconnection is classified by the EU as a Project of Common Interest or PCI, and is being delivered by Inelfe a joint venture between Red Eléctrica and Réseau transport d’électricité. It is co-funded by a Connecting Europe Facility (CEF) grant of €578 million.  

    The connection will link two alternating current systems via a submarine direct current line. At each end of the connection, stations in Cubnezais in France and Gatika in Spain will convert the direct current into alternating current for connection to the transmission grids of Spain and France.

    The design of the project has been developed through an open and participatory process, with the aim of reaching the greatest possible consensus and ensuring the best solution from a technical, social, and environmental perspective.

    The High-Level Group on Interconnections in South-West Europe, established in 2015 between Spain, France, and Portugal with the support of the European Commission, played a critical role in advancing the Biscay Bay project.

    More information about the project is available here.

    The EIB as a major financier of energy security and grids in Europe

    In 2024, the EIB Group signed a record €31 billion to back EU energy security, including for efficiency, renewables, storage and electricity grids, which is expected to support over €100 billion in investment. A total of €8.5 billion financed electricity grids and storage projects, double the amount from previous year. This financing is helping to expand, modernise and digitalise electricity grids making them more resilient and allowing for more and better integration of renewable sources.

    In Spain financing of energy security projects was higher than in any other EU country in 2024, totalling more than €5 billion, which is expected to support over €15 billion in investment. A total of €1.54 billion financed grids and storage projects, roughly double the previous year’s amount. In France financing of energy security projects in 2024 was in line with previous years at around €3.6 billion,  of which €400 million went to finance grids and storage projects, while €3.2 billion went to other energy projects including renewable energy sources and  energy efficiency.

    In the last 5 years (2019-24), EIB has financed €16.7 billion in energy projects in Spain, and €17.7 billion in energy projects in France.

    Find out more about the EIB’s support for the energy sector here.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    The EIB Group, which also includes the European Investment Fund, signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    In Spain, in 2024, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects,  while in France, the EIB Group signed new financing worth €12.6 billion also for over 100 high-impact projects,  contributing to both countries’ green and digital transition, economic growth, competitiveness and better services for their people.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Red Eléctrica

    Red Eléctrica is the transmission system operator (TSO) for the Spanish electricity system and Redeia’s flagship. Since 1985, Red Eléctrica guarantee the security of supply in Spain, driving its social and economic development. Now, the company is also the backbone of the energy transition in the country. www.ree.es 

    Réseau Transport d’Électricité

    The French electricity-transmission-system operator, RTE, provides a public service: guaranteeing a constant supply of electricity throughout France, with the same standard of service, thanks to the efforts of its 10,025-strong staff. RTE manages electricity flows, balancing production and consumption in real time. RTE maintains and develops the high and very-high voltage grid (from 63,000 to 400,000 volts) which includes nearly 100,000 kilometres of overhead lines, 7,000 kilometres of underground lines, 2,900 operational substations, some jointly operated, and around fifty cross-border lines. With 37 interconnections with neighbouring countries, the French grid is the largest in Europe. RTE is an independent and neutral industrial operator of the energy transition, optimising and transforming its grid to connect new consumers and low-carbon electricity generation facilities.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Review of the Digital Services Act – P-001672/2025(ASW)

    Source: European Parliament

    Pursuant to Article 91(1) of the Digital Services Act (DSA), by 17 November 2025, the Commission shall evaluate and report to the European Parliament, the Council and the European Economic and Social Committee on the application of Article 33 of the DSA and the way that the DSA interacts with other legal acts, in particular those listed in Article 2(2) and (3) of the DSA.

    The Commission services, in close cooperation, have started the preparatory work towards the adoption of the report. The preparation of this report is closely aligned with the ongoing work of the Simplification Package[1].

    The report will also be informed by surveys addressed to a variety of stakeholders (including civil society organisations, companies and regulatory authorities) and other relevant analysis.

    Pursuant to Article 91(3) the DSA, the report may be accompanied by a legislative proposal to amend the DSA, if necessary. At this stage, however, there is no such indication.

    The protection of freedom of expression was at the core of the design of the DSA. The DSA has inter alia increased the transparency and accountability over the content moderation decisions taken by providers of intermediary services and reinforced redress mechanisms for users.

    In addition, the DSA requires providers of services designated as very large online platforms and very large online search engines to identify, assess and analyse, and effectively mitigate systemic risks stemming from the functioning, design and use made of their services and related systems, including in relation to any actual or foreseeable negative effects for the exercise of the fundamental right to freedom of expression.

    The Commission is committed to protecting freedom of expression in monitoring and enforcing the DSA rules.

    • [1] https://commission.europa.eu/news/commission-proposes-cut-red-tape-and-simplify-business-environment-2025-02-26_en.

    MIL OSI Europe News –

  • MIL-OSI Europe: Study – The European Parliament’s oversight powers: Tools to scrutinise the European Commission – 16-06-2025

    Source: European Parliament

    The European Parliament is vested with powers of democratic oversight and political scrutiny vis-à-vis the European Commission. These powers of Parliament enhance the democratic legitimacy of the EU as a whole, and help increase the transparency and accountability of the Commission as the EU’s executive body. This study examines Parliament’s oversight and scrutiny powers over the Commission. It focuses mainly, but not exclusively, on the powers that are enshrined in specific provisions of the EU Treaties. This includes Parliament’s role in the Commission’s investiture, in motions of censure, parliamentary questions, committees of inquiry and special committees, and in the Commission’s obligations to report, consult and inform. It also looks into Parliament’s scrutiny over budgetary issues, of delegated acts, in the context of the EU legislative procedure and agenda-setting, of legal proceedings before the Court of Justice of the European Union, and of the EU’s external relations. The study builds on a previous EPRS study on parliamentary scrutiny of the Commission, originally requested by the European Parliament’s Committee on Constitutional Affairs (AFCO) in 2018. The data presented in this edition focus on the ninth term parliamentary term (2019 to 2024).

    MIL OSI Europe News –

  • MIL-OSI Europe: Latest news – ITRE Committee meetings – Committee on Industry, Research and Energy

    Source: European Parliament

    The next ITRE committee meeting will take place on:

    • Wednesday, 25 June, from 9.00 to 12.30 and from 14h30 to 18h30 in Brussels
    • Thursday, 26 June, from 9.00 to 12.30 in Brussels

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: ‘Barbara Freeman: A Retrospective’ opens at the F.E. McWilliam Gallery & Studio

    Source: Northern Ireland City of Armagh

    A new engaging exhibition ‘Barbara Freeman: A Retrospective’ has opened at the F.E. McWilliam Gallery & Studio, Banbridge and runs until Saturday 27 September 2025.

    This first large-scale survey of Freeman’s work introduces the public to this award-winning artist who has exhibited internationally and now in her late 80s, continues to experiment and push herself to create new innovative work.

    The retrospective features a broad range of Freeman’s work from an early drawing ‘Homage to Dürer’ dating from 1973 to her new series of digital images ‘Time Past Remembered’ made this year and her award-winning film ‘Itacha’ from 2023.

    Utilising a wide range of media including sculpture, painting, print, installation, sound and film, Freeman’s constantly evolving practice fluctuates between figuration and abstraction to explore themes including time, memory and history.

    Speaking about the new exhibition, Gallery Curator and Manager, Dr Riann Coulter, said:

    “This major survey exhibition showcases a striking collection of Barbara’s work and provides a fantastic opportunity to explore her artistic evolution over half a century of innovative art making.”

    Born in London in 1937, Freeman studied at Central St. Martins and Camberwell Colleges of Art, followed by postgraduate study at the University of Leeds before moving to Belfast where she has lived and worked for over 40 years.

    Collaboration is at the heart of Freeman’s art. She has often worked with composers and musicians to create installations that combine sound and image and respond to a particular place, both as a physical space and a sonic environment. In 2020, she joined Na Cailleacha, the collective of formidable older women artists based in Ireland, with whom she continues to work and exhibit.

    Freeman’s work has been exhibited widely, with solo shows in Ireland, Britain, the United States, Hungary, Germany, and former Yugoslavia.

    Her artworks have featured in collections displayed by the Northern Ireland Civil Service, Royal Courts of Justice, and The Royal Hospitals.

    This exhibition has been curated by Dr Fionna Barber, Reader in Art History at Manchester School of Art and Dr Riann Coulter.

    It will be accompanied by an illustrated catalogue featuring an essay by Fionna Barber and an interview between Freeman and art historian and Na Cailleacha colleague, Catherine Marshall.

    The F.E. McWilliam Gallery & Studio is open Monday to Saturday from 10am to 5pm. Admission is free. For further information, go to visitarmagh.com/femcwilliam

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Highland Council By-elections for Wards 6 & 10 – Voters urged to make sure their vote counts

    Source: Scotland – Highland Council

    Issued on behalf of the Returning Officer

    Polling will take place on Thursday 19 June 2025 to elect one of nine candidates standing in The Highland Council’s Cromarty Firth Ward by-election and one of eight candidates for Ward 10 Eilean a’ Cheò. Voters are being reminded to make sure they are ready to cast their vote.

    The single transferable vote system will be used. Instead of using a cross, voters should number the candidates in the order of their choice, putting a number 1 in the box next to the name of the candidate who is their first choice, 2 in the box next to their second choice and so on. Voters can make as many or as few choices as they wish.

    The Council has created a short video that explains the process – 

    Postal packs have been despatched to those registered electors that submitted a form by the postal vote deadline. Anyone who has requested a postal vote will not be able to vote in person at a polling station. If you are unable to post it in time, it is possible to hand in your completed postal pack into any of the polling stations located within wards 6 and 10 between 7am and 10pm on Thursday 19 June 2025. There are no restrictions on the number of postal votes that can be handed in to a polling station.

    A list of polling station locations can be found on the Council’s website

    For those opting to vote in person on Thursday 19 June 2025, polling stations will be open from 7am until 10pm. Voters are reminded to check their poll cards as this will have details of where they need to go to cast their vote. There is no requirement to bring any form of voter ID or poll cards.

    The candidates standing for election to Ward 6 – Cromarty Firth are:
     

    • CHISHOLM, Steve – Alba Party for independence
    • COSTIGANE, Ross – Scottish Liberal Democrats
    • CROSS, Richard James – Independent
    • FORBES, Ryan – Scottish Conservative and Unionist
    • MACDONALD, Allan – Reform UK
    • MACDONALD, Odette – Scottish National Party (SNP)
    • PERERA, Michael Robert – Scottish Labour Party
    • RATTRAY, Martin – Independent
    • THOMAS, Anne – Scottish Greens

    The candidates standing for Ward 10 Eilean a’ Cheò are:

    • COUPLAND, John – Reform UK
    • DICKSON, Campbell – Independent
    • GILLIES, Christine – Independent
    • LAWRENCE, Katy – Scottish Greens
    • MAC A’ BHÀILLIDH, Màrtainn – Scottish National Party (SNP)
    • MACDONALD, Jonathan – Independent
    • MACPHERSON, George – Scottish Conservative and Unionist
    • THOMSON, Fay – Scottish Liberal Democrats

    The electronic election counts for both wards will take place on Friday 20 June 2025 at Kyleakin Village Hall starting at 11am. People will be able to follow the count and watch the declaration of the results live on our YouTube channel and follow the latest via the Council’s social media channels – @highlandcouncil

    To support equal access for everyone and to assist with voting, a range of accessibility aids is provided, which also includes a new overlay. The overlay combined with the audio recording of the ballot paper, is intended to provide a complete self-service solution to the blind and partially sighted voters to vote independently and in secret.  

    All information about the by-election, including answers to frequently asked questions and short video clips to show how to vote is available by visiting the Council’s website   www.highland.gov.uk/byelection

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Culture and tourism are important areas of cooperation between Beijing and Moscow – official

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 16 (Xinhua) — “Culture and tourism are important areas of exchange and cooperation between China and Russia, as well as between Beijing and Moscow. In recent years, the number of Chinese tourists visiting Moscow has been increasing every year,” Guo Huaigang, director of the Beijing Culture and Tourism Bureau, told the Beijing Youth Daily on Thursday.

    This year marks the 30th anniversary of the establishment of sister city relations between Beijing and Moscow.

    Guo Huaigang noted that since the establishment of sister city relations, the two cities have organized various events in such fields as economy, trade, science and technology, urban development, transportation, and humanitarian ties. The events under the “joint celebration of the two cities” in the field of culture and tourism have created a platform for exchanges and cooperation between the industries of the two cities, arousing the interest and desire of their residents to get to know each other.

    According to him, Beijing received 293 thousand Russian tourists in 2024. In January-May 2025, Beijing received 175 thousand tourists from Russia, which is 83.9 percent more than the same period last year.

    On June 12, the Moscow Seasons in Beijing festival kicked off in Beijing, presenting modern technologies and folk traditions of the Russian capital to the Chinese public in an authentic form over the course of four days. At the same time, Beijing organized a series of events in Moscow to celebrate the 30th anniversary of the twinning, including a roundtable on trade and economic cooperation and a youth hockey tournament. In particular, the Beijing City Department of Culture and Tourism held a presentation of Beijing’s tourism opportunities and a “Journey to the World of Peking Opera” event in Moscow.

    “Thanks to joint efforts, the sister city relationship between Beijing and Moscow has been steadily developing,” Guo Huaigang said. -0-

    MIL OSI Russia News –

  • MIL-OSI: AIXA Miner Secures FinCEN MSB License, Marking Major 2025 Compliance Milestone in Global Cloud Mining Sector

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 16, 2025 (GLOBE NEWSWIRE) — AIXA Miner has officially secured its Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN), a pivotal regulatory approval that elevates its credibility and security standards across the global cloud mining landscape. This certification positions AIXA Miner as one of the few cloud mining platforms with verified U.S. compliance, an increasingly critical benchmark as international investors demand stronger oversight and consumer protection in crypto services.

    This milestone marks a new chapter for AIXA Miner in 2025, reinforcing its leadership in providing secure, efficient, and transparent cloud mining operations. As regulatory scrutiny increases worldwide, particularly in markets like Germany, the FinCEN-approved MSB license validates AIXA Miner’s operational integrity and risk controls—giving both new and experienced investors a trusted partner in navigating the evolving digital asset economy.

    What is Cloud Mining?

    Cloud mining is a convenient way to mine cryptocurrencies without having to buy or own professional mining equipment. Instead of setting up a mining machine or performing technical maintenance, customers can simply rent mining equipment from a service provider. The service provider operates large mining facilities and is responsible for hardware, electricity, network connectivity and maintenance. In return, the customer receives a share of the mining revenue generated by the rented capacity. Therefore, cloud mining is undoubtedly a simple solution for anyone who wants to mine passive cryptocurrencies without having to manage complex resources themselves.

    AIXA Miner Cloud Mining: A quick shortcut to cryptocurrency participation

    AIXA Miner was founded in 2020 in Colorado, USA, and received MSB (Financial Stability and Stability Board) certification from the US Financial Crimes Enforcement Network (FinCEN). The platform is known for its low-carbon environmental protection, financial security and high returns. The platform currently has over 1 million users in over 200 countries worldwide. This allows users to utilize idle funds to generate stable returns and become your loyal companion on the road to wealth. AIXA Miner combines secure wealth management with ease of use and enables users of all experience levels to mine cryptocurrencies easily and reliably.

    Get started with AIXA Miner

    1. Sign up and get a $100 bonus – Open a free account now and get a $20 welcome bonus to start generating a daily income of $0.80 right away.
    2. Choose the right mining plan – Browse a range of mining plans for different budgets and investment goals. Each plan differs in term, return and cost, so you can easily find a plan that suits your personal wealth to generate income.
    3. Daily income – payment is made automatically every 24 hours. You can reinvest your profits into higher value plans or withdraw your earnings directly to your crypto wallet when you’re ready.

    AIXA Miner offers further profit opportunities via its cloud mining platform in addition to investments and enables users to passively increase their income without actual investment.

    1. Multi-level referral system – share and earn: AIXA Miner rewards you for inviting others: 5% for direct referrals and continuous income accumulation as your network grows.
    2. VIP Membership: Increase your income: The more you invest, the higher your VIP level becomes and you will receive daily updates, additional bonuses from your mining earnings and retroactive rewards that can be unlocked instantly.

    Although the crypto market is mature in 2025, it remains volatile. Investors wonder: can the myth of wealth creation persist? Although 1,000x meme coins are rare, smart people are betting on more stable cloud mining. Let’s take AIXA Miner as an example. Its low-threshold, high-yield model has become the mainstream choice. With a user-friendly interface, high security and daily income, it helps investors achieve financial freedom through mining.

    You can find more information at www.aixaminer.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cbf21bf-08e0-47a4-a424-159e68ada715

    The MIL Network –

  • MIL-OSI: MEXC Unveils “Proof of Trust” Campaign for Crypto Security, Audits, and User Protection

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 16, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will launch Proof of Trust, a comprehensive global campaign aimed at strengthening user protection, operational transparency, and community trust across the crypto sector. This initiative combines concrete financial safeguards with security partnerships, open education, and user-first design — positioning MEXC as one of the most proactive players in an increasingly risk-conscious market.

    As part of the initiative, MEXC is implementing advanced security protocols and forming strategic partnerships with leading blockchain auditing firms. In March 2025, the exchange partnered with Hacken, a well-known blockchain security auditor, to support external risk monitoring and system-wide security assessments. According to MEXC COO Tracy Jin, “External, independent verification is essential for maintaining trust and accountability. We thank Hacken for their work and remain committed to prioritizing security and transparency as we scale globally.”

    Central to the Proof of Trust campaign is MEXC’s groundbreaking $100 million Guardian Fund, which represents one of the industry’s most transparent and accessible user protection mechanisms. This fund provides comprehensive coverage for users facing severe security threats, including large-scale exploits, targeted attacks, and unforeseen system vulnerabilities. What sets this fund apart is its complete transparency—all wallet addresses are publicly disclosed on MEXC’s website, allowing users to verify balances and monitor transactions through blockchain records. Unlike traditional third-party insurance with lengthy claims processes, the Guardian Fund offers agile and rapid deployment, ensuring users receive timely support. This initiative establishes a new industry benchmark for proactive risk management and demonstrates MEXC’s commitment to putting user safety first.

    The campaign also includes a renewed focus on user empowerment through education. MEXC Learn, the platform’s multilingual educational hub (available in over eight languages), provides free access to beginner guides, safety tools, and advanced trading insights — helping both newcomers and seasoned traders navigate the ecosystem responsibly.

    To reinforce financial integrity, MEXC now publishes enhanced Proof-of-Reserves and Security Reports on a bi-monthly basis, allowing users to verify that all major assets are fully backed independently. Current data confirms reserve ratios exceeding 100% across core cryptocurrencies — underlining the exchange’s liquidity strength and long-term solvency.

    Importantly, MEXC remains one of the financially strongest and most secure centralized exchanges. In addition to routine Proof-of-Reserves disclosures, the exchange maintains insurance and emergency funds to protect user assets in the event of force majeure events such as cyberattacks, system breaches, or other unforeseen security incidents. In 2025, MEXC plans to increase its security and protection budgets as part of its broader commitment to making digital asset trading safer for global users.

    The Proof of Trust campaign by MEXC is also focused on community and engagement. The platform design is elaborated in detail to reflect user-centricity, simplicity, and innovation. Besides, UX (user experience) metrics are being continuously researched and revised accordingly. Feedback from users is a cornerstone for providing an engaging and fulfilling environment. Stories and interactive campaigns featured by MEXC add up to both positive networking and valuable experience sharing. MEXC is dedicated to maintaining the highest standards of security and user satisfaction, industry experts say.

    The launch of the Proof of Trust multifaceted campaign, combining unprecedented security and transparency measures with community engagement and education, is a substantial input of MEXC into the crypto industry globally. By employing such large-scale initiatives, MEXC is maintaining its leadership and trendsetter position in the market.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc82c1b5-76bc-4295-bb7f-744a43d60686

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    The MIL Network –

  • MIL-OSI NGOs: EU hypocrisy fuelling suffering in Gaza

    Source: Médecins Sans Frontières –

    Brussels – The hypocrisy and inaction of the European Union and its Member States have allowed Israel to freely continue its massacre of Palestinians in Gaza with total impunity, said Médecins Sans Frontières (MSF) in a press conference in Brussels today. MSF calls for impartial needs-based aid to be facilitated into the Gaza Strip at scale, the protection of civilians, and the immediate restoration of a sustained ceasefire; European governments must act decisively to expedite this.

    For more than 20 months, Israeli authorities and forces have inflicted a punishing campaign, including large-scale forced displacement, ethnic cleansing against Palestinians in Gaza. On a daily basis, our teams witness patterns consistent with genocide through deliberate actions by Israeli forces – including mass killings, the destruction of vital civilian infrastructure, and blockades choking off access to food, water, medicines, and other essential humanitarian supplies. Israel is systematically destroying the conditions necessary for Palestinian life. Gaza’s homes, hospitals, markets, water networks, roads, and power grids have been demolished, not by disregard but by design.

    Children hold their empty pots at a community kitchen in northern Gaza, Palestine, February 2025.
    Nour Alsaqqa/MSF

    The European Union (EU) and European governments have the political, economic, and diplomatic means to exert real pressure on Israel to stop this assault and open Gaza’s border crossings to unhindered humanitarian aid. These are not theoretical instruments. They can be effectively mobilised in defence of international law and to protect civilians.

    However, up to this point, the EU and its member states appear to have abdicated their political leadership to do so. Worse, recent statements European States have made, critical of how the war is being waged, highlights their hypocrisy as they continue to supply the weapons being used to kill, maim, and burn people who end up in our hospitals.

    “The war in Gaza is one of the most egregious, deadly and ruthless wars waged on a people of our time,” says Christopher Lockyear, MSF Secretary General. “It is an orchestrated massacre of Palestinian people. It is purposeful ethnic cleansing.” 

    “Stopping this requires political courage, legal responsibility, and moral commitment,” says Lockyear. “The scale of suffering in Gaza demands more than empty rhetoric.”

    Aid has been weaponised, used as leverage, conditioned, or blocked entirely. Since the Gaza Humanitarian Foundation launched its activities on 27 May, as part of the US-Israeli scheme to instrumentalise aid, hundreds of Palestinians have been treated in hospitals, and scores have been killed, after being shot at these aid distribution sites while waiting to receive the basic necessities for survival.

    “The imposed system of aid delivery is not only a failure, but it is dehumanising and dangerous,” says Lockyear. “It exposes thousands of Palestinians to unnecessary risks, leading to bloodshed that can be avoided if humanitarian organisations are allowed to provide aid impartially and safely, at the necessary scale that is so desperately need in Gaza.”

    Today, Nasser hospital, southern Gaza’s main referral hospital for thousands of patients in the area, is barely able to continue working, due to repeated evacuation orders and movement restrictions on staff and patients. In recent weeks, MSF teams admitted over 500 patients requiring medical care to the hospital, while supporting the hospital’s medical staff to respond to repeated mass casualty influxes from constant bombings and attacks. 

    “Humanitarian organisations have set up makeshift hospitals to fill the gap, but they can in no way replace regular hospitals,” says Lockyear. “The remaining hospitals must be protected, and the entry of aid facilitated. Failure to do so will cost yet more lives.”

    MSF, like many organisations, has repeatedly called for an immediate and unconditional ceasefire, unfettered humanitarian access, and respect for international humanitarian law – including the protection of medical staff and facilities.

    Several governments continue to express concerns about the horrific situation in Gaza, but their statements that invoke concern with adherence to IHL are shrouded in hypocrisy as they continue to send the arms that kill and maim the children we treat.

    “What people are experiencing in Gaza is beyond unbearable: it must stop now,” says Lockyear. “As this military onslaught against a besieged people rages on, the hypocrisy of EU states who speak but don’t act, is more obvious by the day.” 

    MIL OSI NGO –

  • MIL-OSI Submissions: Economy – KOF Economic Forecast, summer 2025: Swiss economy hit by international trade conflict

    Source: KOF Economic Institute

    The United States’ erratic trade policy has caused even more economic uncertainty in the sec-ond quarter of 2025. Tariffs are also weighing on the economic outlook. 

    Data revisions last year mean that KOF is sticking to its forecast of real, sport-adjusted GDP growth of 1.4 per cent for 2025 (1.0 per cent unadjusted) despite a deterioration in its assessment. Its GDP growth forecast for 2026, however, has been lowered by 0.4 percentage points to 1.5 per cent (1.9 per cent unadjusted).

    The international trade conflict is more pronounced than was expected in the spring and is triggering a more marked deterioration in economic projections. 

    The latest KOF forecast is based on the assumption that the tariffs on exports to the United States in force at the beginning of June and the corresponding countermeasures will remain in place throughout the entire forecast period. This equates to a flat-rate 10 per cent tariff on most imports to the US with the exception of pharmaceutical products for the most part.

    Companies fast-track exports to the US; countervailing trend likely to follow

    The great uncertainty about the future of the United States’ trade policy and the announcement of tariff increases imposed on countries around the world have prompted firms to bring forward their production and exports of goods to the United States as much as possible. This yielded stellar growth in global trade in the first quarter and strong GDP growth in exportled countries such as Germany. In contrast, the disproportionately high growth in imports in the United States resulted in a negative quarter. Short-term demand for foreign goods displaced that for domestic goods and thus had an adverse impact on output in the US. Countervailing tr

    MIL OSI – Submitted News –

  • MIL-OSI Africa: Africa Centers for Disease Control and Prevention (CDC) Awards Top 15 Youth-Led Health Innovations Under Bingwa PLUS Programme


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     Africa Centres for Disease Control and Prevention (Africa CDC) has announced 15 youth-led innovations as winners of the Bingwa PLUS Y-Health Incubator Pitch Competition, marking a significant milestone in empowering Africa’s next generation of public health leaders.

    The competition, held in Abuja, Nigeria, from May 27 -30, 2025 showcased innovative health solutions developed by young African changemakers aged 18–35.

    The 15 winning projects were selected from 30 finalists, who emerged from an initial pool of 50 pre-screened candidates. The finalists underwent a rigorous six-week self-paced training programme focused on health leadership, project design, communication, resource mobilisation, and monitoring and evaluation.

    The Bingwa PLUS programme is an extension of the African Union Bingwa Initiative launched in 2022, designed to equip youth with the tools and resources to co-create scalable and sustainable health interventions. Supported by GIZAfrican Union and YouthHub Africa, the initiative reflects Africa CDC’s strategic focus on youth empowerment and innovation in public health.

    During the two-day pitching event, the 30 finalists presented their solutions before a distinguished panel of judges comprising health experts, development partners, and industry leaders. The selected winners will each receive grants ranging from EUR 1,500 to EUR 3,000, alongside tailored mentorship from leading public health and innovation professionals to support implementation over the coming months.

    “This event exemplifies the power of youth-led innovation in transforming health landscapes across Africa,” said Dr. Chrys Promesse Kaniki, Africa CDC Senior Technical Officer for Strategic Programmes and Youth Programmes Lead. “By investing in young leaders and their ideas, we are fostering a new generation of health innovators equipped to tackle Africa’s most urgent health challenges.”

    The winning projects will now enter an intensive implementation phase, with ongoing mentorship and support to scale their impact across communities. Africa CDC and its partners will continue to track progress, document success stories, and promote these solutions through advocacy and technical collaboration.

    To view the full list of winners, click here: Africa CDC Awards Top 15 Youth-Led Health Innovations Under Bingwa PLUS Programme

    Distributed by APO Group on behalf of Africa Centres for Disease Control and Prevention (Africa CDC).

    MIL OSI Africa –

  • MIL-OSI Africa: Social Engineering 2.0: When artificial intelligence becomes the ultimate manipulator

    Once the domain of elite spies and con artists, social engineering is now in the hands of anyone with an internet connection – and AI is the accomplice. Supercharged by generative tools and deepfake technology, today’s social engineering attacks are no longer sloppy phishing attempts. They’re targeted, psychologically precise, and frighteningly scalable.

    Welcome to Social Engineering 2.0, where the manipulators don’t need to know you personally. Their AI already does.

    Deception at machine levels

    Social engineering works because it bypasses firewalls and technical defences. It attacks human trust. From fake bank alerts to long-lost Nigerian princes, these scams have traditionally relied on generic hooks and low-effort deceit. But that’s changed, and continues to.

    “AI is augmenting and automating the way social engineering is carried out,” says Anna Collard, SVP of Content Strategy & Evangelist at KnowBe4 Africa. “Traditional phishing markers like spelling errors or bad grammar are a thing of the past. AI can mimic writing styles, generate emotionally resonant messages, and even recreate voices or faces (https://apo-opa.co/409nwPV) – all within minutes.”

    The result? Cybercriminals now wield the capabilities of psychological profilers. By scraping publicly available data – from social media to company bios – AI can construct detailed personal dossiers. “Instead of one-size-fits-all lures, AI enables criminals to create bespoke attacks,” Collard explains. “It’s like giving every scammer access to their own digital intelligence agency.”

    The new face of manipulation: Deepfakes

    One of the most chilling evolutions of AI-powered deception is the rise of deepfakes – synthetic video and audio designed to impersonate real people. “There are documented cases where AI-generated voices have been used to impersonate CEOs and trick staff into wiring millions (https://apo-opa.co/4e4JBVv),” notes Collard.

    In South Africa, a recent deepfake video circulating on WhatsApp featured a convincingly faked endorsement by FSCA Commissioner Unathi Kamlana promoting a fraudulent trading platform. Nedbank had to publicly distance itself from the scam (https://apo-opa.co/4e4JCJ3).

    “We’ve seen deepfakes used in romance scams, political manipulation, even extortion,” says Collard. One emerging tactic involves simulating a child’s voice to convince a parent they’ve been kidnapped (https://apo-opa.co/3HY5WrR) – complete with background noise, sobs, and a fake abductor demanding money.

    “It’s not just deception anymore,” Collard warns. “It’s psychological manipulation at scale.”

    The Scattered Spider effect

    One cybercrime group exemplifying this threat is Scattered Spider. Known for its fluency in English and deep understanding of Western corporate culture, this group specialises in highly convincing social engineering campaigns. “What makes them so effective,” notes Collard, “is their ability to sound legitimate, form quick rapport, and exploit internal processes – often tricking IT staff or help-desk agents.” Their human-centric approach, amplified by AI tools, such as using audio deepfakes to spoof victims’ voices for obtaining initial access, shows how the combination of cultural familiarity, psychological insight, and automation is redefining what cyber threats look like. It’s not just about technical access – it’s about trust, timing, and manipulation.

    Social engineering at scale

    What once required skilled con artists days or weeks of interaction – establishing trust, crafting believable pretexts, and subtly nudging behaviour – can now be done by AI in the blink of an eye. “AI has industrialised the tactics of social engineering,” says Collard. “It can perform psychological profiling, identify emotional triggers, and deliver personalised manipulation with unprecedented speed.”

    The classic stages – reconnaissance, pretexting, rapport-building – are now automated, scalable, and tireless. Unlike human attackers, AI doesn’t get sloppy or fatigued; it learns, adapts, and improves with every interaction.

    The biggest shift? “No one has to be a high-value target anymore,” Collard explains. “A receptionist, an HR intern, or a help-desk agent; all may hold the keys to the kingdom. It’s not about who you are – it’s about what access you have.”   

    Building cognitive resilience

    In this new terrain, technical solutions alone won’t cut it. “Awareness has to go beyond ‘don’t click the link,’” says Collard. She advocates for building ‘digital mindfulness’ and ‘cognitive resilience’ – the ability to pause, interrogate context, and resist emotional triggers (https://apo-opa.co/3FF6Zwn).

    This means:

    • Training staff to recognise emotional manipulation, not just suspicious URLs.
    • Running simulations using AI-generated lures, not outdated phishing templates.
    • Rehearsing calm, deliberate decision-making under pressure, to counter panic-based manipulation.

    Collard recommends unconventional tactics, too. “Ask HR interviewees to place their hand in front of their face during video calls – it can help spot deepfakes in hiring scams,” she says. Families and teams should also consider pre-agreed code words or secrets for emergency communications, in case AI-generated voices impersonate loved ones.

    Defence in depth – human and machine

    While attackers now have AI tools, so too do defenders. Behavioural analytics, real-time content scanning, and anomaly detection systems are evolving rapidly. But Collard warns: “Technology will never replace critical thinking. The organisations that win will be the ones combining human insight with machine precision.”

    And with AI lures growing more persuasive, the question is no longer whether you’ll be targeted – but whether you’ll be prepared. “This is a race,” Collard concludes. “But I remain hopeful. If we invest in education, in critical thinking and digital mindfulness, in the discipline of questioning what we see and hear – we’ll have a fighting chance.”

    Distributed by APO Group on behalf of KnowBe4.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: £1 billion backed renewal of broken bridges, ruined roads and tired tunnels and new Thames Crossing cash

    Source: United Kingdom – Executive Government & Departments

    News story

    £1 billion backed renewal of broken bridges, ruined roads and tired tunnels and new Thames Crossing cash

    Chancellor spends £1 billion to enhance and repair run down transport infrastructure and futureproof England’s road network.

    • Package also includes further £590 million to take forward the long-awaited Lower Thames Crossing, and follows record £15.6 billion investment in city region transport announced ahead of the Spending Review.
    • Funding will ensure vital upgrades are made to tired bridges, flyovers and tunnels across Britain, supporting highly skilled job opportunities, delivering on the Plan for Change.

    Drivers across the UK will benefit from major investments to improve vital road structures, alongside committing cash to finally deliver a new Thames Crossing, working with the private sector.

    Across Great Britain, approximately 3,000 bridges are currently unable to support the heaviest vehicles, restricting access for agricultural and freight transport in regions, and slowing down journeys.

    And nationally, the number of bridge collapses has also risen – a stark reminder of the need for urgent action to turn the tide on the decade of neglect.

    The Structures Fund will inject cash into repairing run down bridges, decaying flyovers and worn out tunnels across Britain, and ensure other transport infrastructure is both more resilient to extreme weather events and to the demands of modern transport – making everyday journeys safer, smoother and more dependable.

    The government is also pledging a further £590 million to take forward the Lower Thames Crossing, the most significant road building project in a generation and a national priority- ending the painfully slow approach seen before.

    The new crossing will cut frustrating congestion at Dartford, better linking up motorists and businesses in the Midlands and North with key ports in the South East, and spreading growth throughout the regions as outlined in the Plan for Change. The government will look to bring in private finance and expertise to support this major project.

    These investments come as part of the new 10 Year Infrastructure Strategy, which will be published later this week, and sets out clear, achievable and robust vision for projects over the next decade of renewal.

    This also comes swiftly after a record £15.6 billion was announced at the Spending Review to enable local leaders to build long awaited projects like the Tyne and Wear Metro extension and the West Yorkshire Metro, and more investment to fund the TransPennine Route Upgrade and deliver East-West Rail.

    The government is also delivering direct funding to support growth across the UK – with funding for five new rail stations in South Wales, and financial backing for carbon capture storage in Aberdeenshire.

    Chancellor of the Exchequer, Rachel Reeves, said:

    When it comes to investing in Britain’s renewal, we’re going all in by going up against the painful disruption of closed bridges, crossings and flyovers, and ensure they’re fit to serve working people for decades to come.

    Today’s investment also goes even further and faster to spread growth by providing critical funding to take forward the Lower Thames Crossing – not just boosting connectivity in the South East, but ensuring a smoother, less congested passage of vital goods from Europe to our regions.

    This is a turning point for our national infrastructure, and we’re backing it with funding to support thousands of jobs and connect communities, delivering on our Plan for Change.

    Transport Secretary, Heidi Alexander, said:

    We’re finally getting on with the Lower Thames Crossing — a crucial project to drive economic growth, that has been stuck in planning limbo for far too long.

    This project is essential for improving the resilience of a key freight route and is critical to our long term trade with Europe. It will speed up the movement of goods from South East England to the Midlands and the North, crucial to thousands of jobs and businesses.

    Our structures fund will make long-overdue investments to repair ageing structures across the country, speeding up journeys, restoring pride and delivering our Plan for Change to boost the economy and support regional growth.

    Capital investment today will not only address these immediate risks over the next five years, but create skilled jobs in construction, engineering and maintenance, support vital regeneration in local areas by improving connectivity, and boost local economies by improving access to jobs, education and services.

    We will set out more detail about how funding will be allocated shortly. This funding is additional to the funding local authorities will receive for highways maintenance, which will be set out in due course.

    Updates to this page

    Published 16 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: First major overhaul of medical device regulation comes into force across Great Britain

    Source: United Kingdom – Executive Government & Departments

    Press release

    First major overhaul of medical device regulation comes into force across Great Britain

    New Post-Market Surveillance (PMS) regulations have taken effect across Great Britain, requiring medical device manufacturers to proactively monitor the safety and performance of their products once on the market.

    From today (16 June 2025), a landmark reform of how medical devices are regulated in Great Britain takes effect, as part of the Medicines and Healthcare products Regulatory Agency’s (MHRA) broader transformation of the UK’s medical device regulatory framework.

    The new Post-Market Surveillance (PMS) regulations require device manufacturers to actively track the safety and performance of products already in use. This will help identify potential safety issues earlier and strengthen protection for patients and the public through faster responses to incidents and emerging risks.

    Today’s reform applies to all UKCA- and CE-marked devices placed on the GB market after 16 June 2025. This includes in vitro diagnostic devices (IVD), such as glucose monitors and prostate specific antigen (PSA) tests; active implantable medical devices, including pacemakers and hearing implants; and range of technologies used across hospitals, clinics, and at home.

    The regulations will ensure all manufacturers have an effective system in place to monitor devices once they are in use, collect comprehensive safety data, report serious incidents, and take swifter action when issues arise. New trend reporting requirements will help the MHRA and industry spot patterns and intervene earlier to protect patients.

    Lawrence Tallon, Chief Executive of the MHRA, said:

    As innovation in health technologies accelerates, regulation must keep pace. Today’s reform is a critical step in ensuring safety standards evolve alongside this progress.

    By strengthening oversight of devices once they’re in use and setting clearer expectations for manufacturers, these new regulations provide a robust framework for identifying risks earlier and responding to protect patients.

    This represents an important milestone in our work in building a modern, responsive regulatory system – one that puts patient safety first, while also supporting innovation in life sciences and medical technologies across the UK.

    The new PMS regulation lays the groundwork for future reforms, including potential international recognition routes, designed to support improved access to safe and effective innovations. This is part of the UK’s broader commitment to a regulatory framework that supports both patient safety and innovation in life sciences.

    Manufacturers are now required to collect and assess real-world safety and performance data; report serious incidents to the MHRA within 15 days (previously 30); submit essential communications on patient safety (Field Safety Notices) to the MHRA for review before sharing with users; and provide PMS Reports or Periodic Safety Update Reports (PSUR) within 3 days of request. For higher risk devices, UK approved bodies will monitor these reports ensuring these products receive a higher level of scrutiny.

    The introduction of new data analysis reporting requirements will apply to all medical devices but are particularly valuable for improving oversight of lower-risk devices. These rules will require manufacturers to regularly summarise and assess device performance over time.

    Comprehensive guidance for manufacturers was published in January 2025, and has been updated following valuable industry feedback. The MHRA welcomes feedback to ensure ongoing clarity and alignment with practical implementation needs.

    Key changes introduced by the new PMS device regulation include:

    • Enhanced collection of real-world data: manufacturers must take a harmonised approach to gather and assess data on how their devices perform in everyday use, improving the ability to detect safety and performance issues.
    • Expanded scope for incident reporting: serious incidents relating to side effects are now reportable, providing a more comprehensive picture of device performance.
    • Shorter timelines for reporting serious incidents: serious incidents must be reported to the MHRA more quickly, allowing for faster regulatory action to protect patients.
    • Trend reporting and summary reporting: new data analysis reporting options will support earlier detection of trends without overburdening manufacturers or the regulator.
    • Clearer duties for risk mitigation and communication: manufacturers face stronger requirements to assess and manage risks, and to notify users promptly when safety issues arise.

    Notes to editors  

    Updates to this page

    Published 16 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: 3/2025: Confirmation of decapitalisation rates

    Source: United Kingdom – Government Statements

    Correspondence

    3/2025: Confirmation of decapitalisation rates

    Business rates information letters are issued by the Ministry of Housing, Communities and Local Government at regular intervals throughout the year.

    Applies to England

    Documents

    Business Rates Information Letter (3/2025): Confirmation of decapitalisation rates

    HTML

    Details

    This letter confirms the decapitalisation rates for the 2026 revaluation.

    Updates to this page

    Published 16 June 2025

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    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: British Firework Championships returns with the ‘Champion of Champions’

    Source: City of Plymouth

    Plymouth Hoe will once again come alive with colour and excitement this summer as it hosts the British Firework Championships on Wednesday 13 and Thursday 14 August.

    Sponsored by Associated British Ports (ABP), the UK’s leading port operator, this year’s event promises to be even more spectacular, as six previous winners return to compete for the title of ‘Champion of Champions’.

    The Young People’s Choice Award will also return for its third consecutive year, sponsored by Plymouth Citybus, giving care-experienced young people a chance to cast their vote for their favourite display, helping foster engagement and excitement across all age groups.

    Sally Haydon, Cabinet Member for Events said: “We are really grateful for the support ABP Ports are providing for this event in their role as lead sponsor of the British Firework Championships, and we are very much looking forward to the crowning of a ‘Champion of Champions’ on Plymouth Hoe this summer as part of what is sure to be a wonderful opportunity to enjoy some spectacular fireworks with friends and family alike.

    “This partnership provides us with a great opportunity to celebrate our shared values and support Plymouth’s vibrant visitor economy and community events.”

    Ashley Curnow, Divisional Port Manager for Wales and the Southwest at ABP, the owners and operators of Millbay Docks, said: “We are proud to support the British Firework Championships as lead sponsor for the second consecutive year, with this landmark ‘Champion of Champions’ edition.

    “As proud member of the Plymouth community, ABP is delighted to help bring this spectacular celebration to life on the Hoe and to help showcase what Britain’s Ocean City has to offer.”

    The British Firework Championships will feature three stunning 10-minute displays each evening, beginning at 9.30pm, delivered by some of the most respected pyrotechnic companies in the UK.

    Richard Stevens MBE, Managing Director at Plymouth Citybus, said, ‘Plymouth Citybus are proud to once again sponsor the Young People’s Choice Awards at this year’s British Firework Championships. The firework championships is a highlight of the year for us, and the fact that we are helping to support young people across the city makes it even more special. “

    Starting at 2pm each day, visitors can enjoy the vibrant atmosphere, with a wide variety of fairground rides providing family fun well before the fireworks begin. The entertainment continues throughout the evening, with live music and performances taking place on the main stage from 5pm.

    Street entertainers, including fire performers and stilt walkers, will also delight the crowds with walkabout shows, adding to the carnival feel. Food and drink vendors will offer a delicious selection to suit all tastes, ensuring visitors can make the most of the festivities throughout the day and into the night.

    With two evenings of show-stopping fireworks, top-tier entertainment, and family-friendly fun, this year’s British Firework Championships is set to be a real summer highlight not just for Britain’s Ocean City, but for the whole of the South West.

    For updates and travel/accessibility information: VisitPlymouth/British Firework Championships

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Refugee Week: Choose the future not the past

    Source: Scottish Greens

    16 Jun 2025 Human Rights

    Scottish Greens mark beginning of Refugee Week

    More in Human Rights

    Scotland must choose the future of a unified community over the chaos that the far-right brings, says Scottish Greens MSP Maggie Chapman.

    Today is the beginning of Refugee Week, the world’s largest arts and culture festival celebrating the contributions, talents and strengths of refugees and people seeking sanctuary.

    Ms Chapman is calling for people to welcome refugees and stand on the right side of history, as divisive politics threatens to break communities across the UK.

    Ms Chapman said:

    “Refugees and people seeking sanctuary bring a huge amount to our communities, and create a wonderful culturally diverse nation. Refugees have brought enormous richness to our country. From those fleeing the Nazis in the 1930s to more recent refugees from conflicts in the Balkans and my own home of Zimbabwe.

    “But this is not only about the benefits to us. Scotland and the UK would not exist as it does without colonialism. We claim to be a post-colonial society, but far-right political factions are all too happy to sow the seeds of hatred and racism and try to drag us back to those days of old.

    “We must stand up against that, and stand with those at risk of serious harm by the far-right.

    “Think of your neighbours who have lived here peacefully for years after fleeing conflict in Sudan. Your postie whose parents came to the UK for a better life before he was even born. The mum you meet at the school gates who worked hard to learn English as a second language just to communicate with you, and who is proud to call Scotland her home.

    “Think of the doctors, nurses and carers who risked their lives to make sure that you or your loved ones were not alone and were given medical treatment during the covid pandemic. The very same people who care about you and give so much to our country are being scapegoated and vilified by far-right politicians like Farage and co, claiming they don’t belong here.

    “Scotland often likes to think of itself as set apart from racism, but racism is here and it is growing. We’ve just watched Reform double down on an incredibly racist campaign and grow their support in a by-election.

    “Groups are mobilising across other parts of the UK and committing horrific acts, like modern day pogroms minus the pitchforks, against anyone who isn’t white and British within communities.

    “This is happening because far-right messaging is being given a platform and validation. The UK Government’s immigration stance is setting the tone that helps to feed the violence and riots we see in the streets, where innocent people are targeted by angry mobs looking for trouble.

    “We must stand up against these kinds of bullies, and stand with our neighbours and friends. It is our duty to choose community over chaos, and remember that our country is far better off because of refugees, and they have every right to feel that they belong here. Because they do.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: GUU is among the leaders of the National Ranking of Graduates’ Employment in the Field of “Sciences about Society”

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The State University of Management was among the leaders of the first National Ranking of Employment of Graduates of Higher Education Institutions, which was developed within the framework of the national project “Personnel” and published on the portal “Work in Russia”.

    The rating is calculated based on Rosobrnadzor data on full-time graduates, data on their employment rate in the second year after completing their studies, and the median salary for this period.

    Our university took 11th and 13th place in terms of employment of bachelor’s and master’s degree graduates, respectively, among universities with a number of graduates greater than the median value in the field of “Sciences of Society”, which includes, among other things, psychological sciences, economics and management (including business informatics), law, sociology and social work, political science and regional studies, mass media and information and library science, service and tourism.

    In addition, SUM ranked 46th in the employment rate of bachelor’s degree graduates among universities with a graduate population below the median in the Mathematical and Natural Sciences major, which includes mathematics and mechanics, computer and information sciences, physics and astronomy, chemistry, earth sciences, and biological sciences.

    A total of 34 rankings are presented for universities in 8 areas of education.

    The final rating calculation indicator is formed as the sum of the indices of the employment level and the salary level of graduates of an educational organization in a specific field and level of education, with each index having the same weight – 0.5.

    The final index shows how much the two indicators taken together differ from the average final indicator for a specific area and level of education.

    The ratings were developed in accordance with the Decree of the Government of the Russian Federation of May 15, 2025 No. 651 “On the formation and publication of national ratings of educational organizations of higher education and professional educational organizations” and the Order of the Government of the Russian Federation of May 28, 2025 No. 1346-r “On approval of the methodology for calculating the indicators of national ratings of educational organizations of higher education and professional educational organizations”.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI China: Xi arrives in Astana for China-Central Asia Summit

    Source: China State Council Information Office

    Xi arrives in Astana for China-Central Asia Summit

    Xinhua | June 16, 2025

    Chinese President Xi Jinping landed in Astana on Monday to attend the second China-Central Asia Summit.

    Xi was welcomed by Kazakh President Kassym-Jomart Tokayev and other senior officials at the airport.

    MIL OSI China News –

  • MIL-OSI China: Official: China’s foreign trade maintains steady growth in May

    Source: People’s Republic of China – State Council News

    China’s foreign trade held up under pressure in May, with trade volume rising 2.7% and exports growing 6.3%. This came despite a decline in trade with the U.S., thanks to China’s efforts to diversify its trading partners, an official from the National Bureau of Statistics said Monday.

    MIL OSI China News –